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Cleveland-based private equity firm CapitalWorks acquired ERL Commercial Marine and its subsidiary Law Valve of Texas in a majority recapitalization. Baird Business Owner Solutions advised ERL on the deal.
Cleveland private equity firm CapitalWorks completed a majority investment in Electromechanical Research Laboratories (ERL) of New Albany, Indiana, and its subsidiary Law Valve of Texas. ERL makes pumping, gauging and venting equipment for tank barges.